Grant Thornton To Pay $10M In Winstar Fraud Settlement
Italian private bank Banca Intermobiliare, Detroit-based Drye Custom Pallets Inc. and Robert Ahearn led a class of plaintiffs alleging that the nation’s sixth-largest accounting and advisory firm knew Winstar was concealing losses when it audited the company in 1999, but failed to report the problems.
“We are pleased with the settlement and look forward to it receiving...
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